An NRI choosing to invest in DSP BlackRock Mutual Fund currently cannot make the investment in foreign currencies. He needs to give a Rupee cheque or rupee draft from his NRE, NRO, and NRSR bank account in India. He may also send a Rupee cheque from abroad payable in a bank in India. However for an NRI to invest it is mandatory that he maintains a bank account in India. To know completely on 'How to fill up form', click here Once an NRI investor has invested and has an existing folio number, he may transact by filling-up the Common Transaction form and submitting the same to any of the Official Points of Acceptance of Transactions, along with the cheque or the bank draft in case of additional purchase.
DSP Black Rock Mutual Fund has also introduced the 'Online Transacting' facility on website: www.dspblackrock.com You can experience the world of online convenience at a click and avail the following benefits:
The application form of DSP BlackRock Mutual Fund has a provision for local address, but incase the NRI / FII, overseas Address is mandatory.
To receive communication at an Indian address, NRIs should separately communicate Indian address and their folio to the Mutual Fund.
You get email communication instead of the physical communication on a host of information namely:
Just click here to download the form and submit the same to us at our office in your city or at the nearest CAMS centre.
If you already have your email id registered in the folio, Click Here to opt for the email delivery option.
NRIs/ PIOs can invest in units of the schemes on a fully repatriable basis or on a non-repatriable basis where the principal is non-repatriable, but the income distributions are repatriable.
Repatriable Basis: Payments for the purchase of the units may be made by way of Indian Rupee drafts purchased abroad, or by way of cheques drawn on the NRE/FCNR Account of the investor, payable at the city where the application form is accepted by any of our Official Points of Acceptance of Transactions. In case of DDs from FCNR, a certificate from bankers is necessary confirming that funds are from FCNR account and are repatriable.
Non-Repatriable Basis: Payments for the purchase of the units may be made by way of Indian Rupee drafts purchased abroad, or by way of cheques/demand drafts drawn on the NRE/FCNR/NRO/NRSR/NRNR account of the investor, payable at the city where the application form is accepted by any of our Official Points of Acceptance of Transactions.
FII Investors:FIIs may pay for their subscription amounts by way of Indian Rupee drafts purchased abroad, or out of funds held in Foreign Currency Account or Non-resident Rupee Account maintained in a designated branch of an authorised dealer. The Indian Rupee drafts/cheques should be made payable at a city where the application is accepted by any of our Official Points of Acceptance of Transactions.
The cheque or the DD should be payable or drawn on location where the application is submitted and accepted, viz. the Official Points of Acceptance of Transactions of DSP BlackRock Mutual Fund.
No. Overseas bank account details are not accepted as the payment is in Indian Rupees
by way of cheque / direct credits.
If an application is received before the specified cut off time on any business
day, the allocation of units will be at the NAV of the business day adjusted for
any entry load, if any, as per the provisions of the Scheme Information Document
of the relevant scheme. All applications received after the prescribed time will
be treated as having been received on the next business day and the units allotted
In case of liquid schemes, allotment will be based on utilisation of funds.
Yes. Applicable exit load will be charged in the switch-out scheme
Incase a NRI investor wishes to redeem from any of the open ended schemes of DSP BlackRock Mutual Fund; he can do so on any business day. The transaction slip can be downloaded from our website or detached from the end of the account statement. The Application can be submitted at any of our Official points of acceptance of transactions.
In case the investor has a PIN, he may request for redemption by calling the toll free no. 1-800-200-4499 (for callers outside India please call on: +91 44 3091 5400).
For investors who have opted for online transacting facility, can do so through the same.
The redemption proceeds will be directly credited to investor’s bank account or despatched to the investor's registered address depending on the Bank mandate.
The redemption proceeds are paid via any of the following modes depending on the investor's bank, completeness & accuracy of the bank details provided by the investor & his location:
Depending on whether the investment was done from a NRE / FCNR account and/or a NRO / NRSR account the principal amount alongwith any capital appreciation may or may not be repatriated.
The entire income distribution on investment will qualify for full repatriation
provided the member continues to be a non-resident, in terms of [Schedule 5 of the
Foreign Exchange Management (Transfer or Issue of Security by a Person Resident
Outside India) Regulations, 2000].
No. Investors need to contact their Authorised dealers for the same.
Yes. In a Mutual Fund the POA has the authority to invest on behalf of the investor
and sign documents for initial & additional purchases as well as request for redeeming
units from the investor’s folio. The NRI can give a PoA to any resident Indian who
may sign on behalf of him and make the investment and transact further.
While applying for purchase of units the POA holder needs to submit the original
POA or a duly notarised copy should be submitted. The Power of attorney should contain
the signature of both the NRI Investor and the POA holder. Only when the POA is
registered, the POA holder has the right to transact on behalf of the NRI investor
and his signature will be verified before and for processing any transaction / request.
Yes. An NRI can be a nominee subject to the RBI Exchange Control Regulations from
time to time.
Yes. An NRI investor can have a joint holder with a resident Indian or a Non-resident
Indian in a scheme of DSP BlackRock Mutual Fund.
As any other investor, the NRI investor can visit the website www.dspblackrock.com and receive all information on performance, portfolio, and returns of all schemes of DSP BlackRock Mutual Fund. He may receive daily NAVs of the schemes of DSP BlackRock Mutual Fund over email by subscribing to the facility on the website. Apart from the website the investor may also gather information as well as comparison with other Mutual Fund schemes on some of the financial websites.